AHI Earlier Announced Early Redemption of A$1.75M of Convertible Notes
Portfolio Pulse from Charles Gross
Advanced Health Intelligence Ltd (AHI) has redeemed A$1.75 million of Convertible Notes issued on 28 April 2023, paying an early repayment fee of 10% plus interest. A$225,460 of Convertible Notes remain outstanding. The company does not intend to pursue further issues of Convertible Notes at this stage.
June 21, 2023 | 9:12 am
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AHI has redeemed A$1.75 million of Convertible Notes, reducing its debt and signaling confidence in its financial position.
AHI's early redemption of Convertible Notes reduces its debt and the associated interest expenses. This move signals the company's confidence in its financial position and may attract investors, leading to a potential short-term increase in its stock price.
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